Advanced Residential Applications and Case Studies

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Designed to comply with the 2008 Real Property Appraiser Qualification Criteria established by the Appraiser Qualifications Board, this course is structured around four specialized areas of appraisal practice: complex property appraisal, market analysis, challenges in the sales comparison approach, and highest and best use analysis. Beginning with a thorough explanation of complex properties, the course goes on to review the COMPETENCY RULE and the SCOPE OF WORK RULE aspects of USPAP, as well as the valuation process and reporting process for complex properties. 

Fifteen advanced case studies throughout the course illustrate the practical application of the discussed principles. In addition to the end-of-chapter quizzes and final exam, this course contains mini-quizzes that will test the knowledge of the material throughout each chapter. The mini-quizzes will help prepare you for both the end-of-chapter quiz and the cumulative final exam at the end of the course. There is a required one-hour proctored exam at the end that must be taken in a monitored setting.

Chapter list:

1. Introduction to Advanced Applications
2. Advanced Residential Appraisal Concepts
3. The Valuation Process
4. Case Study
5. The Reporting Process
7. The Sales Comparison Approach
8. Cost and Income Approaches
9. Case Study - Sales Comparison Approach
10. Questionable Property Characteristics Case Study
11. Case Study of Encumbered Ownership Interest
13. Conclusion
6. Market Analysis Case Study
12. Case Study on Challenging Market Conditions